Tomáš Pražák

• Silesian University in Opava

This paper aims to analyze the impact of exchange rates on international trade in the manufacturing sector in selected Central and Eastern European (CEE) countries. To accomplish this, a distinctive combination of econometric techniques is employed, enabling an assessment of both macro- and micro-level perspectives concerning the mutual relationshi...

This paper aims to evaluate the influence of investment and R&D expenditures on the performance of large companies that are headquartered in the Europe using regression analysis of the generalized method of moments. The independent control variables are GDP per capita and the interest rate represented by the yield of 10-year state bonds. The sample...

The aim of the chapter is to evaluate the impact of the macroeconomic environment on the financial situation of companies, especially on the risk of financial distress, in the Visegrad Group countries. Bankruptcy models serve as suitable tools for evaluating the financial situation of companies. Furthermore, methods for applied economics as a regre...

The aim of this article is to find out the attitudes of business entities towards the helpfulness and frequency of the use of electronic communication with government administration institutions in the Czech Republic during the Covid-19 pandemic. The research was conducted in the form of a questionnaire survey of 464 respondents. Based on the prima...

Making strategic decisions in retailing is associated with analysing sales development, which can indicate the current trends in consumer demand. Determining retail sales indicators is a valuable step towards better prediction and helps to make strategic decisions more realistic. However, the ques-tion is to what extent the general assumption of pr...

For groups of users of business information, from owners through potential investors, management, or employees, it is important to find out the financial situation of the company and its future development. The financial health of a company can be determined in many ways, most commonly through financial analysis indicators. The aim of this chapter...

This paper examines the role of main microeconomic factors on the stock prices of selected Swiss companies listed on the Six Swiss Exchange. Two basic theoretical approaches and interpretations of this relationship are frequently used. The efficient market hypothesis (Fama, 1970) assumes that stock prices already contain all the relevant informatio...

Determining the financial stability of a business is a fundamental starting point for deciding on the evaluation of business strategies. A financially sound business is able to generate added value regularly during its business. Conversely, businesses in financial distress can negatively affect the country’s economic development. The aim of this pa...

SMEs are a major provider of jobs, contribute to promoting the social and economic cohesion of regions and, in particular, they are important for regions facing high unemployment or lower economic development. The importance of assessing a company’s financial performance has been steadily rising in recent years. The paper aims to evaluate to what e...

Purpose – The purpose of this paper is to estimate and evaluate the impact of macroeconomic fundamentals on stock prices of selected food and drink industry stocks during the period of 2005–2015, which saw the global financial crisis and its aftermath. Design/methodology/approach – The paper employed correlation analysis and the Johansen cointegrat...

This study examines the effect of primary microeconomic factors on the stock prices of select financial and energy industry companies listed and traded on the Central European Exchanges (Budapest Stock Exchange, Prague Stock Exchange, Bratislava Stock Exchange, or Warsaw Stock Exchange). Microeconomic factors are based on the financial situations a...

History has shown that the stock prices and other financial assets are important aspects of the dynamics of economic activity. Stock prices can be an indicator of social mood and are used as a leading factor in the economic activity and financial stability. This paper investigates the relationship between selected macroeconomic and microeconomic fa...

The financial performance and the financial health of companies is given through the ability to generate added value. For the resulting effect of creating added value, maximum activity is required. Otherwise, companies have significant payment difficulties that can be resolved by a radical change in its activities or structure. The aim of this pape...

This study examines the effect of specific macroeconomic factors on the stock prices of selected financial sector companies listed on the Central European Exchanges (Budapest Stock Exchange, Prague Stock Exchange, Bratislava Stock Exchange, or Warsaw Stock Exchange). We investigate the nature of the causal relationships between macroeconomic factor...

Stock values of companies listed on stock exchanges could be influenced by many factors. The aim of this article is to examine existence and character of relationship between stock prices of selected Swiss real estate companies and macroeconomic fundamentals (GDP, interest rate, price level). The existence of long-run equilibrium relationship betwe...

Estimations of economic development of countries use often a time series analysis. The prediction based on development of macroeconomic indicators might be analyzed by various models. The aim of this article is to verify the hypothesis of differences in predictions using our linear trend analysis and International Monetary Fund´s “buttom-up” approa...

Prediction of economic development is very important for every country. Over time, the estimations are becoming more sophisticated and they are based on serious data supported by statistical methods. Time series analysis is often used for estimations of economic development of countries. The prediction based on development of macroeconomic indicato...

A time series analysis is often used for estimation of economic development of countries. However, the prediction based on development of macroeconomic indicators might be analyzed by various models. This article aims to verify the hypothesis of differences in predictions using linear trend analysis and moving average model on the example of Papua...